Arrowstreet Capital Limited Partnership Takes Position in MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI)

Arrowstreet Capital Limited Partnership acquired a new stake in MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI - Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 18,943 shares of the semiconductor company's stock, valued at approximately $2,461,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. SBI Securities Co. Ltd. purchased a new stake in shares of MACOM Technology Solutions during the 4th quarter worth approximately $35,000. Geode Capital Management LLC boosted its stake in MACOM Technology Solutions by 4.8% during the 3rd quarter. Geode Capital Management LLC now owns 1,015,781 shares of the semiconductor company's stock worth $113,044,000 after purchasing an additional 46,812 shares during the period. Charles Schwab Investment Management Inc. grew its position in MACOM Technology Solutions by 0.3% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 532,342 shares of the semiconductor company's stock worth $69,157,000 after purchasing an additional 1,719 shares during the last quarter. Assenagon Asset Management S.A. increased its stake in MACOM Technology Solutions by 22.5% in the fourth quarter. Assenagon Asset Management S.A. now owns 98,189 shares of the semiconductor company's stock valued at $12,756,000 after purchasing an additional 18,055 shares during the period. Finally, Smartleaf Asset Management LLC raised its holdings in shares of MACOM Technology Solutions by 97.2% in the fourth quarter. Smartleaf Asset Management LLC now owns 280 shares of the semiconductor company's stock valued at $36,000 after buying an additional 138 shares during the last quarter. Institutional investors and hedge funds own 76.14% of the company's stock.

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MACOM Technology Solutions Price Performance

Shares of NASDAQ:MTSI traded up $1.39 during midday trading on Tuesday, hitting $100.55. 135,210 shares of the stock were exchanged, compared to its average volume of 658,757. MACOM Technology Solutions Holdings, Inc. has a twelve month low of $84.00 and a twelve month high of $152.50. The stock has a market cap of $7.47 billion, a P/E ratio of -69.82, a PEG ratio of 2.42 and a beta of 1.72. The company has a current ratio of 3.61, a quick ratio of 2.88 and a debt-to-equity ratio of 0.33. The company has a 50 day moving average price of $109.17 and a 200-day moving average price of $121.87.

MACOM Technology Solutions (NASDAQ:MTSI - Get Free Report) last issued its quarterly earnings results on Thursday, February 6th. The semiconductor company reported $0.40 EPS for the quarter, missing analysts' consensus estimates of $0.78 by ($0.38). MACOM Technology Solutions had a positive return on equity of 12.42% and a negative net margin of 13.05%. On average, research analysts forecast that MACOM Technology Solutions Holdings, Inc. will post 2.43 earnings per share for the current year.

Insider Buying and Selling at MACOM Technology Solutions

In related news, Director Geoffrey G. Ribar sold 6,656 shares of MACOM Technology Solutions stock in a transaction on Wednesday, February 12th. The shares were sold at an average price of $121.61, for a total value of $809,436.16. Following the completion of the sale, the director now owns 14,031 shares in the company, valued at approximately $1,706,309.91. The trade was a 32.17 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Susan Ocampo sold 45,773 shares of the business's stock in a transaction dated Monday, February 10th. The shares were sold at an average price of $125.35, for a total value of $5,737,645.55. Following the completion of the sale, the director now directly owns 5,509,746 shares of the company's stock, valued at approximately $690,646,661.10. This represents a 0.82 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 743,948 shares of company stock worth $92,210,640 in the last 90 days. 16.30% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several brokerages recently issued reports on MTSI. BNP Paribas upgraded MACOM Technology Solutions from a "neutral" rating to an "outperform" rating and set a $135.00 price target on the stock in a research report on Wednesday, April 9th. Northland Capmk raised MACOM Technology Solutions from a "hold" rating to a "strong-buy" rating in a report on Monday, February 10th. Benchmark reaffirmed a "buy" rating and set a $160.00 price target on shares of MACOM Technology Solutions in a report on Monday, February 10th. Truist Financial began coverage on shares of MACOM Technology Solutions in a research report on Friday. They set a "buy" rating and a $125.00 price objective for the company. Finally, Northland Securities raised shares of MACOM Technology Solutions from a "market perform" rating to an "outperform" rating and lifted their target price for the company from $105.00 to $140.00 in a report on Monday, February 10th. Two equities research analysts have rated the stock with a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, MACOM Technology Solutions has a consensus rating of "Moderate Buy" and an average target price of $131.25.

MACOM Technology Solutions Company Profile

MACOM Technology Solutions Holdings, Inc, together with its subsidiaries, designs and manufactures analog semiconductor solutions for use in wireless and wireline applications across the radio frequency (RF), microwave, millimeter wave, and lightwave spectrum in the United States, China, Australia, Japan, Malaysia, Singapore, South Korea, Taiwan, Thailand, and internationally.